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Wright-Patt Credit Union Personal Loans Calculator & Overview

Carla Soto
Updated 11 Aug 2023
Fact checked

Wright-Patt Credit Union logo

Wright-Patt Credit Union (WPCU) was established in 1932. It is the largest state-credit union in Ohio. Moreover, WPCU has $7.1 billion in assets and 446,000 members. Wright-Patt offers a wide range of personal loans that may be suited to your needs.

Can you afford a Wright-Patt Credit Union personal loan? Use the Wright-Patt Credit Union personal loan calculator to enter the amount you want to borrow. Furthermore, it can give you an idea of how much you will have to pay back each month.

Personal loans have an annual percentage rate (APR) varying from around 3% to 36% APR. The interest rates you can receive will depend on a range of factors, such as your credit score, income, and debt-to-income ratio. On a loan of $10,000 over 5 years, the cost could vary between $10,781 and $21,680. The interest cost is between $781 and $11,680.

Wright-Patt Credit Union personal loans overview

Wright-Patt Credit Union offers four types of personal loans. There’s the signature loan, QCash loan, ReadyLine line of credit, and StretchPay loan. Whether for debt consolidation, home improvements, or emergency expenses, WPCU can help.

Features of Wright-Patt Credit Union personal loans

Here are the details you need to know about a Wright-Patt CU personal loan:

Signature loans

  • Loan amounts: $500 to $50,000
  • Loan terms: up to 60 months
  • Repayment frequency: Monthly
  • Loan flexibility: Same day approval and same day funding for most customers
  • Interest rates: APR from 9.99% to 17.99%
  • Skip-a-Pay Program: skip one payment once every 12 months
  • No collateral required

QCash personal loan

  • Loan amounts: $200 to $4,000
  • Loan terms: up to 36 months
  • Repayment frequency: Monthly
  • Loan flexibility: Simple online application through WPCU´s mobile or Online Banking
  • Interest rates: APR 16.00%
  • Skip-a-Pay Program: skip one payment once every 12 months
  • No application fee

ReadyLine line of credit

  • Loan amounts: $250 to $40,000
  • Loan terms: up to 36 months
  • Repayment frequency: Monthly
  • Loan flexibility: Easy access through WPCU´s mobile or online banking
  • Interest rates: APR from 10.90% to 17.90%

StretchPay loan

  • Loan amounts: $150 to $500
  • Loan terms: up to 2 months
  • Repayment frequency: Monthly
  • Interest rates: APR $25.00%

Wright-Patt Credit Union personal loan calculator

Loan Amount

$20,000

Term

3 months

Wright-Patt Credit Union

Wright-Patt Credit Union personal loans

Estimated Month Repayments
Interest Rate
7.99%
APR
Repayment Period
12 months
to 60 months
Loan Amounts
$5,000
to $40,000
Wright-Patt Credit Union makes personal loans easy by being the smart choice to keep more money in your pocket, where it belongs. No matter the loan term, we work to reach the best possible solution with low rates and monthly payments that suit your needs.

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Minimum and maximum loan periods vary between 1 month and 10 years. Annual Percent Rates (APR) vary between 4.99% and 35.99% p.a. Total interest repayments vary between $592 and $916 over the life of the loan. *APR is based on an unsecured loan of $20,000 over a term of 3 years. WARNING: This APR is true only for the examples and may not include all charges. Different terms, fees or loan amounts might result in a different APR. These rates can change without further notice.

Requirements for a Wright-Patt Credit Union personal loan

To apply for a WPCU personal loan, you must first become a member. Who can become a member?

  • If you live, work, worship, or attend school in selected Ohio communities
  • If you are a military or civilian employee of Wright-Patterson Air Force Base
  • If you are a spouse or family member of a current WPCU member
  • If you work, study, or Alumni of Wright State University

Wright-Patt CU doesn’t disclose how you can qualify for its personal loan. However, you will likely need to meet the following criteria:

  • Be 21 years old or older
  • Be a permanent US resident
  • Have a permanent source of income from work or investments
  • Have a good credit history

Wright-Patt loans pros and cons

Pros

  • No origination or prepayment fee for the Signature Loan
  • No application fee for the QCash loan
  • Easy access through mobile banking app
  • Wide range of loan amounts

Cons

  • Not available for non-members
  • Higher rates for longer repayment terms
  • No secured loan options
  • No information on automatic payments

Frequently asked questions

What kinds of unsecured loans does Wright-Patt CU offer?

First, a Signature loan allows you to borrow money between $500 and $50,000. Second, StretchPay and QCAsh have $500 and $4,000 loan amounts, respectively. Third, ReadyLine has a minimum of $250 and a maximum of $40,000 in loan amounts.

What can I use a WPCU personal loan for?

Use a WPCU loan to fund any financial needs. These include debt consolidation, home repairs, education, and vacation.

Can I apply for a WPCU personal loan if I am not a member?

No, you can’t. You have to become a member first before proceeding with your loan application.

Does Wright-Patt CU have a mobile app?

Yes. You can download the Wright-Patt CU mobile app on your smartphone. This makes it easy and convenient to manage your finances and make payments.

What is the required minimum payment for a ReadyLine Line of Credit?

The minimum payment is 3% of your outstanding balance or $20, whichever is greater.

Can I apply for several QCash Loans at the same time?

No. Members may only have one QCash Loan open at any given time.

How much time do I have to pay back my StretchPay loan?

StretchPay loans are paid in two monthly installments over the course of 60 days.


Video: Borrow smarter with Wright-Patt Credit Union

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Carla Soto
Carla Soto

Carla is a skilled copywriter at BestFind with a background in marketing and communications. She specializes in reviewing personal loan and finance products to help readers navigate the complex world of personal finance.

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